Text Size:
A | A

Crew Energy Inc. Details Expanded 2014 Capital Program

Text Size: A | A
 
April 10, 2014

Based on its agreement to sell some Alberta Deep Basin petroleum and natural gas assets, Crew Energy Inc. (TO: CR.TO) will increase its capital program to $285 million, up from $39 million, the company said April 9.

The increased capital will go toward increasing the Montney well count by 50%, to 30 wells up from 20, the company said. This will supply production volumes to the plant at Septimus, which should be onstream in third-quarter 2015, the company added.

The Deep Basin assets were exchanged for about $222 million in ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription